Iranians in Malaysia Say Banks Close Their Accounts as U.S. Sanctions Bite

October 30, 2019

Author: 

Liz Lee and A. Ananthalakshmi

Publication: 

Reuters

Related Country: 

  • Malaysia

Iranians in Malaysia are facing "mass closures" of their bank accounts. In recent months, Malaysian banks, including CIMB and RHB, have ended services to many of the estimated 10,000 Iranians living in Malaysia. The banks did not give an official reason for the closures, but bank officials told some affected individuals that the move was prompted by increased scrutiny related to U.S. sanctions.